Will There Ever Be Another Warren Buffett?

The Compound and Friends

Josh Brown

Investing, Business, News, Business News

4.7 • 2.2K Ratings

🗓️ 25 August 2023

⏱️ 99 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

On episode 107 of The Compound and Friends, Michael Batnick and Downtown Josh Brown are joined by Guy Spier to discuss: lunch with Warren Buffett, value investing, managing a hedge fund, Berkshire after Buffett, the bull case for Ferrari, and much more! Thanks to Public for sponsoring this episode. Visit https://public.com/compound for more information on how to earn 5+% interest with a treasury account on public. Check out the latest in financial blogger fashion at The Compound shop: https://www.idontshop.com Investing involves the risk of loss. This podcast is for informational purposes only and should not be or regarded as personalized investment advice or relied upon for investment decisions. Michael Batnick and Josh Brown are employees of Ritholtz Wealth Management and may maintain positions in the securities discussed in this video. All opinions expressed by them are solely their own opinion and do not reflect the opinion of Ritholtz Wealth Management. Wealthcast Media, an affiliate of Ritholtz Wealth Management, receives payment from various entities for advertisements in affiliated podcasts, blogs and emails. Inclusion of such advertisements does not constitute or imply endorsement, sponsorship or recommendation thereof, or any affiliation therewith, by the Content Creator or by Ritholtz Wealth Management or any of its employees. For additional advertisement disclaimers see here https://ritholtzwealth.com/advertising-disclaimers. Investments in securities involve the risk of loss. Any mention of a particular security and related performance data is not a recommendation to buy or sell that security. The information provided on this website (including any information that may be accessed through this website) is not directed at any investor or category of investors and is provided solely as general information. Obviously nothing on this channel should be considered as personalized financial advice or a solicitation to buy or sell any securities. See our disclosures here: https://ritholtzwealth.com/podcast-youtube-disclosures/ Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	She loves New York City, New York.
0:02.0	What's not to love for a young person?
0:04.0	For a young person not much.
0:05.2	As you get older, like what I realize is
0:07.4	like there are all these buildings
0:09.4	that are actually liabilities for the owners.
0:11.9	You know?
0:12.6	So I mean, it's just, do I need to put these on?
0:14.7	Yes.
0:15.2	Are we?
0:16.0	Wait, what do you mean by that?
0:17.2	What are liabilities for the owners?
0:18.8	So underwater?
0:21.3	Well, you know, the owners of the buildings
0:23.6	make money and New York City charges
0:27.2	real estate taxes on them.
0:28.5	But if you own an apartment in a condo
0:31.6	or in a co-op,
0:33.7	you are spending money every month
0:35.6	on your share of real estate taxes
0:37.2	and your share of the common expenses.
0:39.2	And the common expenses are not actually the common expenses.
	...

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